News – Disruptive Spotlight https://disruptivespotlight.com News Site Thu, 26 Dec 2024 11:21:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://i0.wp.com/disruptivespotlight.com/wp-content/uploads/2024/07/Disruptive-Spotlight-02.png?fit=32%2C32&ssl=1 News – Disruptive Spotlight https://disruptivespotlight.com 32 32 230715761 Jaipur Accident: How Did LPG Tanker Driver Survive Fire that Killed 13? https://disruptivespotlight.com/2025/01/01/jaipur-accident-how-did-lpg-tanker-driver-survive-fire-that-killed-13/ https://disruptivespotlight.com/2025/01/01/jaipur-accident-how-did-lpg-tanker-driver-survive-fire-that-killed-13/#respond Wed, 01 Jan 2025 11:02:10 +0000 https://disruptivespotlight.com/?p=910 Read More]]> A tragic accident occurred in Jaipur recently, leaving 13 people dead and several others injured when an LPG tanker collided with a vehicle, causing a massive fire. The gas, which the tanker was transporting, leaked out upon impact and triggered a ferocious blaze that engulfed over 30 vehicles, causing widespread devastation on one of the busiest roads in the city. Despite the intensity of the fire and the horror of the accident, the tanker driver managed to escape with his life, raising questions about how he survived the inferno.

The incident took place during peak traffic hours, making it even more disastrous as the fire spread rapidly, catching several vehicles in its path. According to eyewitnesses, the tanker, carrying liquefied petroleum gas (LPG), was traveling at high speed when it collided with a car, causing a massive explosion. The explosion released a huge plume of fire, which soon spread to nearby vehicles, trapping many in their cars. Panic ensued as people tried to escape, but the fire spread so fast that it left little time for rescue.

While the fire claimed the lives of 13 people, the tanker driver’s miraculous survival has left many puzzled. Authorities believe that the driver, who was initially seen fleeing from the vehicle, survived the blast due to a combination of luck and quick thinking. Reports indicate that the driver may have been able to escape before the fire fully consumed the tanker, either by jumping out of the vehicle or seeking refuge in a nearby area. Emergency responders, who arrived at the scene shortly after the explosion, managed to locate the driver and bring him to safety.

It is still unclear exactly how the driver managed to avoid being caught in the flames, but experts believe the heavy traffic on the road might have helped slow the spread of the fire, giving him the precious seconds needed to escape. Another possible factor is the protective design of the tanker, which may have offered some level of shielding from the full force of the explosion.

The incident has prompted authorities to launch a full investigation to determine the exact cause of the accident and to ensure stricter safety measures for transporting hazardous materials like LPG. Meanwhile, the tragic loss of life has left the community in mourning, and many are calling for better safety regulations to prevent such devastating accidents in the future.

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Ravindra Jadeja Reflects on R. Ashwin’s Retirement Plans: “We Spent the Entire Day Together and He Didn’t Even Give Me a Hint” https://disruptivespotlight.com/2024/12/29/ravindra-jadeja-reflects-on-r-ashwins-retirement-plans-we-spent-the-entire-day-together-and-he-didnt-even-give-me-a-hint/ https://disruptivespotlight.com/2024/12/29/ravindra-jadeja-reflects-on-r-ashwins-retirement-plans-we-spent-the-entire-day-together-and-he-didnt-even-give-me-a-hint/#respond Sun, 29 Dec 2024 09:55:01 +0000 https://disruptivespotlight.com/?p=901 Read More]]> Ravindra Jadeja, the renowned Indian cricketer, recently shared his thoughts on the retirement plans of his long-time teammate, R. Ashwin. The two spin bowlers have been crucial members of the Indian cricket team, especially in Test matches, where their combined expertise has often been instrumental in India’s success on foreign soil.

In a candid conversation, Jadeja revealed that despite spending an entire day with Ashwin, the latter didn’t drop a hint about his retirement plans. “We spent the entire day together, and he didn’t even give me a hint about his retirement,” Jadeja said with a chuckle. This revelation from Jadeja highlights the close bond and camaraderie shared between the two, who have often been seen bowling in tandem during crucial Test matches.

Ashwin, who is one of India’s most successful bowlers, has been in the cricketing spotlight for over a decade. Known for his brilliant off-spin bowling and cricketing intelligence, he has achieved numerous milestones in his career, including being one of the fastest bowlers to reach 400 Test wickets. His retirement has often been a topic of discussion among fans and pundits alike, but Ashwin himself has not yet given any official indication about the timeline of his departure from international cricket.

Jadeja, who has played alongside Ashwin in many memorable matches, expressed admiration for his colleague’s contribution to Indian cricket. “Ashwin is not only an exceptional bowler but also a wonderful teammate. His skills and mindset have been pivotal in so many of our victories,” Jadeja added. Despite his legendary status, Ashwin has maintained a low profile when it comes to discussing the end of his playing career, preferring to focus on the present.

The partnership between Jadeja and Ashwin has been a cornerstone for India’s spin attack, with both players complementing each other well. While Jadeja is known for his steady and consistent left-arm orthodox spin, Ashwin’s variations and sharp turn make him a potent threat. Their synergy on the field has been widely celebrated, and their combined presence in the squad has often led to successful outcomes in matches across different conditions.

As Ashwin continues to add to his illustrious career, Jadeja’s comments reflect the close-knit nature of the Indian cricket team, where camaraderie off the field often translates to success on it. While retirement remains a personal decision for Ashwin, Jadeja’s light-hearted remark indicates the deep mutual respect between the two, making it clear that regardless of the timeline of Ashwin’s retirement, their bond will continue to remain strong.

With Ashwin’s contributions to Indian cricket still significant, fans will continue to cherish the partnership between these two legendary spinners for years to come.

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Dividend Payouts & Stock Splits: Vedanta, NMDC Lead Next Week’s Action https://disruptivespotlight.com/2024/12/26/dividend-payouts-stock-splits-vedanta-nmdc-lead-next-weeks-action/ https://disruptivespotlight.com/2024/12/26/dividend-payouts-stock-splits-vedanta-nmdc-lead-next-weeks-action/#respond Thu, 26 Dec 2024 07:47:53 +0000 https://disruptivespotlight.com/?p=895 Read More]]> As the year draws to a close, investors are closely eyeing several key corporate events that will take place in the coming week. Among the prominent companies set to take action are Vedanta Limited and NMDC Limited, which are poised to announce their dividend payouts and stock splits. These events are expected to stir significant market activity, as they represent crucial financial moves that could impact stock prices and investor sentiment.

Vedanta Limited, a global natural resources company, will be one of the major players next week. The company has declared a substantial dividend for its shareholders, and the payout is likely to attract considerable attention. Vedanta’s dividend history has been favorable, with the company regularly rewarding its investors. Given its strong performance in the metals and mining sector, particularly in copper, zinc, and aluminum, investors are optimistic about the company’s ability to continue delivering solid returns. The upcoming dividend payout could offer an attractive yield, making it an appealing choice for income-seeking investors. Additionally, Vedanta’s dividend declaration follows its recent positive earnings report, further boosting investor confidence in the company’s financial health.

Similarly, NMDC Limited, the country’s largest iron ore producer, is expected to announce a dividend as well. The company has shown resilience in the face of global market challenges, and its strong cash flow position allows it to reward shareholders. Like Vedanta, NMDC has a history of issuing dividends, and this payout is likely to reflect the company’s commitment to providing returns to its investors. The iron ore market has experienced price fluctuations, but NMDC has managed to maintain profitability, which is seen as a positive sign for the future. The company’s dividend policy has made it a favorite among income investors who value consistent payouts.

In addition to dividends, stock splits are another key focus for next week. Vedanta, in particular, is set to announce a stock split, which could make its shares more affordable and accessible to a broader base of retail investors. A stock split occurs when a company increases its number of shares by issuing more to shareholders, while reducing the nominal value of each share. This move is generally seen as a signal of confidence in the company’s future prospects and can lead to increased liquidity in the stock. Stock splits often generate excitement among investors, as they make the stock appear more attractive, especially for those with smaller investment budgets.

Meanwhile, NMDC is also expected to finalize a stock split, a move that could similarly enhance its stock’s appeal in the retail market. A lower share price following a stock split could encourage more participation in the stock, potentially leading to higher trading volumes. Given NMDC’s solid financial standing and its pivotal role in the iron ore industry, this event is likely to receive a positive reception from investors.

Overall, the upcoming week looks promising for dividend-seeking investors and those watching for stock splits. The actions of Vedanta and NMDC are likely to be pivotal in driving market sentiment, especially in the metals and mining sector. With dividends offering attractive yields and stock splits increasing accessibility, both companies are poised to remain in the spotlight, as investors look for opportunities in a dynamic market landscape.

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Haryana’s ‘All Under MSP’ Promise Faces Farmer Skepticism https://disruptivespotlight.com/2024/08/08/haryanas-all-under-msp-promise-faces-farmer-skepticism/ https://disruptivespotlight.com/2024/08/08/haryanas-all-under-msp-promise-faces-farmer-skepticism/#respond Thu, 08 Aug 2024 10:12:17 +0000 https://disruptivespotlight.com/?p=502 Read More]]> The Haryana government’s recent promise to procure 24 crops under the Minimum Support Price (MSP) scheme has met with skepticism from farmer organizations and opposition leaders. The announcement, made by the Nayab Singh Saini government ahead of the state Assembly elections, is seen by many as a politically motivated move, particularly given that many of the 24 crops listed are not widely cultivated in Haryana.

Out of the 24 crops included in the MSP scheme, around 10 are reportedly not extensively grown in the state. Among the newly added crops are ragi (finger millet), soybean, fennel, jute, copra, moong (green gram), niger seed, sunflower, barley, and jowar (sorghum). Current MSP procurement in Haryana primarily covers crops like wheat, mustard, barley, gram, paddy, maize, bajra, cotton, and sesame.

Opposition Leader and former Haryana Chief Minister Bhupinder Singh Hooda criticized the announcement as another attempt by the BJP to “mislead farmers.” He emphasized that the power to enforce MSP lies with the Centre, not the state government, and called for a legal guarantee on MSP from the central government. “The government is making these announcements with an eye on the upcoming polls, but farmers are not easily fooled,” Hooda told The Indian Express.

Sarwan Singh Pandher, president of the Kisan Mazdoor Sangharsh Committee (KMSC), also questioned the credibility of the government’s promise. He pointed out that no provisions for MSP procurement were included in the state budget and demanded detailed information about the funds and logistics required for such an initiative. “If the Haryana government is serious about MSP, they need to outline how they will fund and implement this scheme,” Pandher said.

Bharatiya Kisan Union (BKU) leader Gurnam Singh Chaduni added that the BJP government should introduce legislation in the Assembly to solidify the MSP promise. “The government’s announcement is a reaction to our demands for MSP, and they should back it with concrete legislative action,” Chaduni told The Indian Express.

In defense of the initiative, Additional Chief Secretary (Agriculture) Dr. Raja Shekhar Vendru stated that the goal was to include as many crops as possible in the MSP scheme, including those that might be grown in the future. He mentioned that the procurement would cost around ₹123.65 crore and that the state was equipped with the necessary facilities. “The aim is to ensure that crops potentially grown in Haryana are also covered under MSP,” Vendru said.

However, Retired Agriculture Director Suresh Gehlawat highlighted ongoing issues with the existing procurement system. He noted that while crops like mustard and sunflower are procured at MSP, the current system often falls short, forcing farmers to repeatedly visit procurement centers. In contrast, crops like cotton fetch higher prices from private players, while staple crops such as wheat, paddy, and maize receive more consistent government support.

As Haryana’s political landscape heats up, the effectiveness and sincerity of the government’s MSP promise will likely remain a point of contention among farmers and political analysts alike.

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IND vs SL: Rohit Sharma Reflects on Series Defeat, Signals Potential Personnel Changes https://disruptivespotlight.com/2024/08/08/ind-vs-sl-rohit-sharma-reflects-on-series-defeat-signals-potential-personnel-changes/ https://disruptivespotlight.com/2024/08/08/ind-vs-sl-rohit-sharma-reflects-on-series-defeat-signals-potential-personnel-changes/#respond Thu, 08 Aug 2024 10:00:01 +0000 https://disruptivespotlight.com/?p=498 Read More]]> Colombo, August 7, 2024 — Following a disappointing series against Sri Lanka, Indian captain Rohit Sharma acknowledged the team’s shortcomings and hinted at potential personnel changes to address issues with adapting to spin-friendly conditions.

India’s ODI series against Sri Lanka, which began with a tied match, ended in defeat after the team struggled in the subsequent games. The middle-order faltered against Sri Lanka’s four-pronged spin attack, leading to a series loss.

“We need to think about which players could perform better on these types of tracks,” Rohit Sharma said after his team was bowled out for 138 while chasing a target of 249 in the third ODI. “You also need to give consistent chances as it’s not easy to perform in one or two chances. It was a bad series, and we need to accept it.”

The Indian captain expressed frustration over the lack of intent and aggression from his side against the Sri Lankan spinners, who put relentless pressure on the batting lineup. Sharma admitted that the team’s failure to show adaptability and individual plans contributed to their poor performance.

“It’s about individual plans,” Sharma remarked. “We have had these issues in the past where the ball has spun a bit. I can see the guys training hard in the nets and trying to play different shots, but we need to know how to keep momentum. We failed thrice. We should have won that first game which ended in a tie.”

Rohit Sharma indicated that the team might consider making changes in personnel to better tackle challenging conditions. “We know what the problems are. We will let players know what we want, and if we need to be different in terms of choosing personnel, we will do that,” he asserted.

The captain acknowledged the team’s lack of bravery throughout the series and emphasized the need for improvement. “I don’t think we were brave enough throughout the entire series and hence we lagged behind throughout. We will address these issues,” Sharma concluded.

As India looks ahead, adjustments in the squad and strategies are expected to be made to better handle challenging conditions and improve performance in future series.

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India vs Spain Hockey Bronze-Medal Match: How to Watch Live https://disruptivespotlight.com/2024/08/08/india-vs-spain-hockey-bronze-medal-match-how-to-watch-live/ https://disruptivespotlight.com/2024/08/08/india-vs-spain-hockey-bronze-medal-match-how-to-watch-live/#respond Thu, 08 Aug 2024 08:30:15 +0000 https://disruptivespotlight.com/?p=495 Read More]]> Paris, August 8, 2024 — After a valiant effort that saw their gold medal hopes dashed, the Indian hockey team is set to battle Spain for the bronze medal at the Paris Olympics 2024. The match, scheduled to take place on August 8, promises to be a thrilling contest as India aims to match their performance from the Tokyo 2020 Games and secure a podium finish.

Match Details:

  • Date: August 8, 2024
  • Time: 5:30 PM IST
  • Venue: Yves-du-Manoir Stadium, Paris

Where to Watch:

  • Television: The match will be broadcast live on Sports18.
  • Live Streaming: Fans can follow the action live on Jio Cinema.

India’s hockey team, led by captain Harmanpreet Singh, has showcased exceptional skill throughout the tournament. After defeating Argentina, New Zealand, and Australia, and narrowly losing to Belgium, the team reached the semi-finals. Despite a strong performance against Germany, where they were edged out in the final moments, India has a chance to end their campaign on a high note.

The bronze-medal fixture is not just a chance for redemption but also an opportunity for veteran goalkeeper PR Sreejesh to bid farewell to international hockey with a medal. With India’s recent Olympic journey marked by a string of fourth-place finishes, this match is crucial for lifting spirits and achieving a long-awaited medal.

Make sure to tune in to witness this exciting clash and support the Indian team as they strive for bronze in Paris.

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UPI Transaction Limit for Tax Payments Raised to Rs 5 Lakh https://disruptivespotlight.com/2024/08/08/upi-transaction-limit-for-tax-payments-raised-to-rs-5-lakh/ https://disruptivespotlight.com/2024/08/08/upi-transaction-limit-for-tax-payments-raised-to-rs-5-lakh/#respond Thu, 08 Aug 2024 08:05:45 +0000 https://disruptivespotlight.com/?p=492 Read More]]> The Reserve Bank of India (RBI) has announced a significant increase in the Unified Payments Interface (UPI) transaction limit for tax payments, raising it from Rs 1 lakh to Rs 5 lakh. This new limit, effective immediately, is designed to simplify and facilitate higher-value tax transactions for consumers.

RBI Governor Shaktikanta Das stated, “Currently, the transaction limit for UPI is Rs 1 lakh except for certain categories of payments that have higher limits. We have decided to enhance the limit for tax payments through UPI to Rs 5 lakh per transaction. This will make it easier for consumers to make tax payments using UPI.”

The change comes as part of a broader review of the UPI transaction limits, which have been periodically adjusted for various types of transactions, including capital markets, IPO subscriptions, loan collections, insurance, medical, and educational services. With the new limit, tax payments, which are often substantial, will benefit from the increased threshold.

In addition to the raised transaction limit, the RBI introduced a new UPI feature called ‘Delegated Payments.’ This feature allows a primary user to authorize a secondary user to perform UPI transactions up to a specified limit from the primary user’s bank account. The secondary user does not need a separate UPI-linked bank account, making digital payments more accessible and convenient.

Governor Das also announced that the repo rate would remain unchanged at 6.5%. This decision follows a rise in inflation, which reached 5.08% in June, surpassing the RBI’s target of 4%. The inflationary pressure, particularly from rising food prices, has complicated the potential for rate cuts. Governor Das emphasized the importance of price stability for sustained economic growth, underscoring the RBI’s focus on controlling inflation.

In addition to the repo rate decision, the RBI revealed measures to enhance the digital lending ecosystem. A new public repository under a regulated entity will ensure accurate credit information, with lenders required to report credit information to Credit Information Companies (CIC) every two weeks for faster borrower updates. Additionally, the cheque clearing cycle will be reduced from two working days to just a few hours, significantly speeding up the process.

The announcement had an immediate impact on the financial markets. India’s bond market experienced a decline, with the 10-year yield rising by 2 basis points to 6.88%. The rupee remained stable, but the benchmark NSE Nifty 50 Index fell by up to 0.7%.

This policy decision comes amidst global market volatility, influenced by recent actions from central banks in advanced economies. The Bank of England recently reduced interest rates, and there is growing pressure on the Federal Reserve to lower rates to support economic growth.

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Tata Motors Shares Surge 2% on Moody’s Rating Upgrade https://disruptivespotlight.com/2024/08/08/tata-motors-shares-surge-2-on-moodys-rating-upgrade/ https://disruptivespotlight.com/2024/08/08/tata-motors-shares-surge-2-on-moodys-rating-upgrade/#respond Thu, 08 Aug 2024 07:44:59 +0000 https://disruptivespotlight.com/?p=489 Read More]]> Tata Motors’ shares saw a notable rise of 2% in intraday trade following a positive credit rating update from Moody’s Investors Service. As of 11:53 am, shares of Tata Motors were trading at Rs 1,043.15 on the Bombay Stock Exchange, marking a 1.75% increase. This boost in share price comes as the company’s market capitalisation climbed to Rs 3.83 lakh crore.

Moody’s upgraded Tata Motors’ corporate family rating (CFR) to Ba1 from Ba3, maintaining a positive outlook on all other ratings. The credit rating agency also improved the ratings on Tata Motors’ senior unsecured instruments to Ba1 from Ba3, further underscoring the company’s strengthened financial position.

Despite a nearly 6% decline in the past five trading sessions, Tata Motors’ stock has experienced significant gains over the calendar year, rising 32% thus far, and a remarkable 72% over the past year.

For the first quarter of the 2024-25 fiscal year, Tata Motors reported a substantial 74% increase in consolidated profit after tax (PAT), reaching Rs 5,566 crore compared to Rs 3,203 crore in the same quarter of the previous year. Revenue from operations for the April-June quarter also saw an uptick, rising by 5.7% to over Rs 1.07 lakh crore.

The positive rating action from Moody’s reflects confidence in Tata Motors’ financial stability and growth prospects, contributing to the current uptick in its share price.

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Vinesh Phogat Appeals Olympic Disqualification: CAS Verdict Expected Soon https://disruptivespotlight.com/2024/08/08/vinesh-phogat-appeals-olympic-disqualification-cas-verdict-expected-soon/ https://disruptivespotlight.com/2024/08/08/vinesh-phogat-appeals-olympic-disqualification-cas-verdict-expected-soon/#respond Thu, 08 Aug 2024 07:27:07 +0000 https://disruptivespotlight.com/?p=486 Read More]]> Indian wrestler Vinesh Phogat has formally appealed her disqualification from the final of the women’s 50kg wrestling category at the Paris Olympics 2024. The appeal, filed with the Court of Arbitration for Sport (CAS), comes after Phogat was barred from competing in the gold medal bout due to missing the weight limit by just 100 grams.

Phogat, who won her semi-final match with a commanding 5-0 score, was poised to become the first Indian woman wrestler to contest an Olympic final. However, on the morning of the final, she weighed in at 50.1kg, marginally over the 50kg limit required for the final.

The disqualification has been a source of significant disappointment for Indian sports fans and has cast a spotlight on the challenges athletes face with weight management. Reports indicate that Phogat, in her final preparations, engaged in intense workouts and other methods, including sauna sessions, to cut the excess weight. Efforts by her coaches, such as cutting her hair and adjusting her vest, were ultimately unsuccessful in bringing her weight down to the limit.

The CAS, an independent institution established in 1984 and headquartered in Lausanne, Switzerland, is responsible for resolving sports-related disputes through arbitration and mediation. The court is expected to deliver its verdict by the morning of August 8, 2024. If CAS rules in Phogat’s favor, the International Olympic Committee (IOC) will be required to award her a joint silver medal.

The CAS decision will be pivotal, not only for Phogat but also for the broader wrestling community and fans who have followed her journey. The court’s role in such matters is crucial, providing a specialized forum for resolving disputes in the sports world and ensuring that decisions are fair and enforceable.

As the sports community awaits the final ruling, all eyes will be on the CAS for a resolution to what has been an emotional and contentious issue for Indian wrestling.

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Stock Market Bloodbath: Sensex Plummets by Nearly 2,400 Points Amid US Recession Fears https://disruptivespotlight.com/2024/08/05/stock-market-bloodbath-sensex-plummets-by-nearly-2400-points-amid-us-recession-fears/ https://disruptivespotlight.com/2024/08/05/stock-market-bloodbath-sensex-plummets-by-nearly-2400-points-amid-us-recession-fears/#respond Mon, 05 Aug 2024 12:18:50 +0000 https://disruptivespotlight.com/?p=466 Read More]]> The Indian stock market experienced a dramatic plunge on Monday, as the Sensex crashed by nearly 2,400 points, or 2.95%, and the Nifty 50 fell by approximately 2%, or 414.85 points. This steep decline came as a reaction to unsettling economic data from the United States, which stoked fears of a slowing global economy. The Sensex opened at 78,588.19, hitting an early low of 78,580.46, while the Nifty 50 began the day at 24,302.85, dropping to a low of 24,077.90. Over the past two trading sessions, the Sensex has dropped by 4%, or 3,287.09 points, and the Nifty by 3.27%, or 818.4 points.

The sharp market downturn is largely attributed to recent US employment data that revealed a rise in unemployment to 4.3% and a weaker-than-expected increase in nonfarm payrolls, which has heightened concerns about economic stagnation. “The rally in global stock markets has been driven mainly by expectations of a soft landing for the US economy. This expectation is now under threat due to the cooling labor market,” explained V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Additionally, geopolitical tensions in the Middle East have compounded investor unease. Foreign Institutional Investors (FIIs) have significantly reduced their exposure to Indian equities, selling Rs 3,310 crore worth of shares on August 2 alone, while domestic institutional investors bought Rs 2,965.94 crore worth of shares. So far in August, FIIs have withdrawn Rs 1,027 crore from the local equity market, reflecting a broader risk-averse sentiment.

As a result, domestic equities are experiencing widespread declines, with most BSE and NSE companies trading in the red. The market’s current volatility underscores growing global economic concerns and their impact on investor confidence.

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